Institutional Fixed Income Trader

New York Life Insurance Co; New York (NY); On-site; USD 80,000 - 135,000; Full time

Job summary

Join a leading company in the finance sector as an Institutional Fixed Income Trader, managing cash positions and daily trading of various securities. Ideal candidates hold a bachelor's degree in finance and possess 2–4 years of trading experience. We offer a competitive salary and an inclusive culture focused on employee growth and community impact.

Benefits

Comprehensive benefits package

Leave programs

Adoption assistance

Student loan repayment programs

Qualifications

• 2–4 years of fixed income trading experience.
• Strong analytical and communication skills.
• Proficiency with key investment tools.

Responsibilities

• Manage cash positions and execute daily trading.
• Monitor short-term market trends for investment decisions.
• Provide backup trading coverage for securities.

Skills

Analytical

Communication

Collaboration

Education

Bachelor’s degree in finance, economics, or related field

CFA or progress toward designation

Tools

Aladdin

Bloomberg

MarketAxess

Tradeweb

Microsoft Office Suite

Job description

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here, you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength of our organization revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other—providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we are committed to investing in you accordingly.

New York Life Investments, part of a $700+ billion investment management organization, is seeking a qualified Institutional Fixed Income Trader to join our Fixed Income Investors (FII) Group. The role involves managing the firm's short-term liquidity strategies and providing critical backup for mortgage product trading. FII focuses on U.S. dollar-denominated debt in investment grade credit securities, high yield bonds, senior secured floating rate loans, mortgage-backed, asset-backed, and other structured securities, treasuries, agencies, and money market instruments.

What You’ll Do :

1. Manage cash positions for the New York Life general account, mutual funds, and 2(a)7 money market funds.
2. Execute daily trading of commercial paper, money market instruments, repo, and short-term U.S. Treasury securities.
3. Ensure accurate trade execution within investment guidelines and objectives.
4. Monitor and share insights on short-term market trends and liquidity to inform investment decisions.
5. Collaborate with Portfolio Managers on investment strategies and results.
6. Maintain and strengthen relationships with broker-dealer partners and trading counterparties.
7. Provide backup trading coverage for Mortgage-Backed Securities, US Treasurys, and investment-grade corporate credit.

What You’ll Bring :

1. Bachelor’s degree in finance, economics, or a related field; CFA or progress toward designation is a plus.
2. 2–4 years of fixed income trading experience.
3. Strong analytical, communication, and collaboration skills, with the ability to engage effectively with internal teams and external partners.
4. Proficiency with key investment tools and platforms, including Aladdin, Bloomberg, MarketAxess, Tradeweb, and Microsoft Office Suite (Excel, PowerPoint, Word).

LI-AM1

Pay Transparency

Salary Range : $80,000-$135,000

Discretionary bonus eligible: Yes

Actual base salary will be determined based on several factors including individual experience, skills, qualifications, and job location. Employees are also eligible for an annual discretionary bonus and may participate in an incentive program.

We offer a comprehensive benefits package, including leave programs, adoption assistance, and student loan repayment programs. For more information, visit our NYL Benefits Site or click here to learn more about our benefits.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to our identity and service. We are committed to creating an environment where individuals can contribute their best and succeed together, rooted in our core values of humanity and integrity. Embracing diverse perspectives and experiences helps us achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about our leadership in this space.

Recognized as one of Fortune’s World’s Most Admired Companies, we are dedicated to improving local communities through employee giving and volunteerism, supported by the Foundation. As a mutual company, we operate in the best interests of our policy owners. To explore career opportunities, visit the Careers page at www.NewYorkLife.com.

Follow our employees and agents leading the industry and impacting communities on LinkedIn, or learn more about how we are evolving to meet our clients' and employees’ needs in our Newsroom.